Short Interest in Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) Decreases By 35.3%

Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 128,561 shares, a decrease of 35.3% from the May 31st total of 198,646 shares. Based on an average daily volume of 541,211 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the company’s shares are sold short.

Hedge Funds Weigh In On Schwab Long-Term U.S. Treasury ETF

Several large investors have recently made changes to their positions in SCHQ. Park Avenue Securities LLC lifted its stake in Schwab Long-Term U.S. Treasury ETF by 110.4% during the fourth quarter. Park Avenue Securities LLC now owns 388,612 shares of the company’s stock worth $12,319,000 after purchasing an additional 203,907 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Schwab Long-Term U.S. Treasury ETF by 121.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 127,034 shares of the company’s stock valued at $4,027,000 after buying an additional 69,700 shares during the period. World Investment Advisors acquired a new position in Schwab Long-Term U.S. Treasury ETF during the 4th quarter worth approximately $1,825,000. Sequoia Financial Advisors LLC grew its stake in shares of Schwab Long-Term U.S. Treasury ETF by 44.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 83,780 shares of the company’s stock worth $2,656,000 after purchasing an additional 25,709 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its position in shares of Schwab Long-Term U.S. Treasury ETF by 91.7% during the 4th quarter. Sanctuary Advisors LLC now owns 71,819 shares of the company’s stock worth $2,277,000 after acquiring an additional 34,360 shares in the last quarter.

Schwab Long-Term U.S. Treasury ETF Stock Performance

Schwab Long-Term U.S. Treasury ETF stock opened at $31.02 on Thursday. Schwab Long-Term U.S. Treasury ETF has a 12-month low of $30.11 and a 12-month high of $33.19. The company has a 50-day moving average price of $31.07 and a 200 day moving average price of $31.55.

About Schwab Long-Term U.S. Treasury ETF

The Schwab Long-Term U.S. Treasury ETF (SCHQ) is an exchange-traded fund that is based on the Bloomberg US Long Treasury index. The fund tracks a market-value weighted Index of U.S. Investment-grade Treasury bonds with remaining maturities of 10 years or more. SCHQ was launched on Oct 10, 2019 and is managed by Charles Schwab.